For Sale
$1,225,000

408 Pico AveFallbrook, CA 92028

High-visibility corner property, great income potential.

Overview

Added:
Feb 3
Days on market:
60
This exceptional Fallbrook investment opportunity encompasses three contiguous lots totaling 10,653 square feet (approximately 0.34 acres) and is zoned for both commercial and residential use. The property boasts high street visibility at the north end of town, conveniently located within walking distance of Fallbrook's Village, theatre, restaurants, and shops. The property currently features two buildings: a vacant 640-square-foot office building equipped with a hard-wired sprinkler system and security cameras, and a duplex. The office building is currently partially available for lease at $1,900 per month, with potential for $3,500 per month with minor improvements. The duplex comprises two units, approximately 400 square feet each, currently rented month-to-month to long-term tenants at $1,250 and $1,028.50 per month respectively. The seller indicates that rental income could be significantly increased. The property's previous use as a successful used car lot suggests diverse potential applications. This property is well-suited for a cash buyer, a buyer seeking to refinance, or a 1031 exchange. Detailed expense information is available upon request to qualified buyers. All information provided is per seller

Property Details for 408 Pico Ave

Property type
Mixed-use properties
Square Feet
1,440 SF
Year Built
1953

Location Insight

City
Fallbrook
County
San Diego
State
California
Latitude
33.38496
Longitude
-117.2528
408 Pico Ave, Fallbrook, California

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408 Pico Ave
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